RE: Watchlist - Traders method
(2013-11-01, 01:47 AM)Tryst Wrote: This does look interesting/cheap. Just wondering about the quality of chart software with it being so cheap. I am paying almost £60 a month with ProRealTime, so £60 a year sounds very good. We'll at least give a free trial a go.
What are you paying £60 a month for with ProRealTime? I use it and pay zero, but pay ADVFN.com £ 5.60 a month + vat for intraday UK charts and data, although I could probably get by with the free 15 minute delayed charts as am obviously not day trading with this method.
Remember it's important to treat trading as a business, so your chart and data costs are your overheads. So at £60 a month, you're already down £720 a year before you breakeven on any trading profits. Which means you've got to make 7.2% profit just to breakeven on a £10,000 account, 3.6% on a £25,000 account, 1.44% on a £50,000 account etc. So it's very important to minimise your trading overheads anyway you can.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.